Contract and acceptance Study guides, Class notes & Summaries
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Texas Property & Casualty Insurance, Insurance (100% accurate answers)
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An Insurance company is the_____. correct answers Principle 
 
An insurance company issued a homeowners policy that included ambiguous language regarding how a loss was settled. The insured sued the insurance company and won. The judge stated that due to the ambiguous language in the contract the decision must be made in favor of the insured. The judge was basing this decision on which of the following types of insurance contract? correct answers Contract of adhesion 
 
The _____ page in an insu...
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Florida Health 240 Insurance with 100% correct answers
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Rules of Construction 
Help to identify and establish the intent of the parties to the contract 
 
 
 
Utmost good faith 
Each party is entitled to rely on the representation of the other, and each party should have a reasonable expectation that the other is acting in good faith without attempts to conceal or deceive. 
 
 
 
Aleatory Contract 
A contract under which one party's performance is contingent on an uncertain event. 
 
 
 
property and casualty agent 
has the power to bind the insurer...
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AD Banker Comprehensive Exam 2024 Questions and Answers
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AD Banker Comprehensive Exam 2024 
Questions and Answers 
A producer who is acting as an agent is representing: 
A 
The insured, the applicant and the beneficiary 
B 
Always the insured 
C 
The insured and the insurer 
D 
Always the insurer - Ans ️️ -D 
In order to be valid, a contract must be between individuals considered legally able 
to enter into an agreement. This principle is known as: 
A 
Restricted persons 
B 
Considerations 
C 
Competent parties 
D 
Agreement - Ans ️️ -C 
A com...
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AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023
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AD Banker Comprehensive Exam Questions & answers. Rated A. 2022/2023 
 
 
John is the agent for ABC Insurance and Jane is the insured. Who is the principal in this agency relationship? 
A. ABC Insurance 
B. None 
C. John 
D. Jane - A. ABC Insurance 
 
In an insurance contract the value that each party gives the other is said to be the: 
A. Subject matter 
B. Consideration 
C. Acceptance 
D. Offer - B. Consideration 
 
Which of the following is classified as an insurance broker? 
A 
A person in t...
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Texas Life and Health Insurance Exam (question and answers) 2022/2023
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At what point must a life insurance applicant be informed of their rights that fall under the Fair Credit Reporting Act? - ANSWER Upon completion of the application 
 
Who elects the governing body of a mutual insurance company? - ANSWER policyholders 
 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and character according to the - ANSWER Fair Credit Reporting Act 
 
What type of reinsurance contract involves two companies automatically sharing their ri...
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SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution
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SPM4723 - Legal Issues in Sport Exam III (Answered) Complete Verified Solution 
 
Contract 
A legally enforceable agreement or promise between two or more parties that creates an obligation to do or not do a particular action. 
What is contract law based in? 
Common Law. 
What does the Uniform Commercial Code (UCC) do? 
Governs commercial codes and contracts. 
What are the parts of a contract? 
Offer, Acceptance, Consideration. 
The Offer 
A conditional promise made by one party to another. 
Bil...
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BUL 4421 Final - FAU Gendler Exam Questions With Complete Solutions
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BUL 4421 Final - FAU Gendler Exam 
Questions With Complete Solutions 
CHAPTER 13: Introduction to Contracts - answerCHAPTER 13: Introduction to Contracts 
Four Elements of a Contract: CLAC - answer1. Contractual Capacity 
2. Legal Object 
3. Agreement (offer, acceptance) 
4. Consideration 
Contract - answer-A promise or set of legally enforceable promises for the breach of which 
the law gives a remedy or the performance of which the law in some way recognizes a duty. 
Agreement - answer(Offer &...
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AD Banker Comprehensive Final Exam Questions with answers. 100% pass rate. 2022/2023.
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AD Banker Comprehensive Final Exam Questions with answers. 100% pass rate. 2022/2023. 
 
 
Dividends if declared are paid: 
 
A. Annually 
B. Semi-annually 
C. Monthly 
D. Quarterly - A. Annually 
 
An insured dies within the time limit of an Increasing Term Rider and the beneficiary receives the face amount plus the value of all paid premiums. Which rider is attached to the policy? 
 
A. Return of Cash Value 
B. Term to age 100 
C. Return of Premium 
D. Waiver of Premium - C. Return of Premium ...
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023 
Acquit - Correct Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge 
 
Bail Enforcement - Correct Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted 
 
obligor - Correct Answer-the party who owes the duty or debt...
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NICET LEVEL 1 HIGHWAY CONSTRUCTION EXAM QUESTIONS AND ANSWERS
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NICET LEVEL 1 HIGHWAY CONSTRUCTION EXAM 
QUESTIONS AND ANSWERS 
Acceptance - Answer-The written acceptance by the Department of the Work. 
acceptance testing - Answer-Testing conducted by the Department to measure the 
degree of compliance to the Contract 
actual cost - Answer-The computed cost using calculations provided 
addendum - Answer-A Contract revision or response to a Contractor inquiry issued after 
advertisement and before the opening of bids. 
as-built quantity - Answer-The quantity ...
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